The Citizens Bank | 15 yr Sale Leaseback | Flowood, MS
Office | 6.50% CAP | 6,778 SqFt
Marketing description
Randall Commercial Group, LLC is pleased to present an exceptional sale leaseback opportunity in Flowood, MS. The property will be leased back to The Citizens Bank of Philadelphia, a well established Mississippi-based community bank founded in 1908 with multiple branches statewide, under a new 15 year absolute NNN lease commencing at closing, featuring 2% annual rent increases and five, 5 year renewal options. Situated at on high traffic Lakeland Drive, with ~45,000 VPD (Source: MDOT), the branch offers prime visibility, accessibility, and exposure in Flowood's bustling retail/business district. As part of the rapidly growing Jackson metro area, it benefits from major nearby employers like BCBS of MS, Merit Health, plus big-box retailers (Walmart, Target, Academy Sports) and airport/corporate proximity in central Mississippi's most dynamic market.
Investment highlights
Long Term Investment Opportunity: 15 Year Initial Term with Absolute NNN Lease Structure and Corporate Guarantee
Established Tenant: Sale leaseback to a top 200 regional community bank with reported assets exceeding $1.4 billion and a history spanning over 100 years. The bank is an insured member of the FDIC
Corporate Guarantee: Lease Guarantee from the banks publicly traded holding company the Citizens Hold Company (OTCQX: CIZN)
Strategic Location in Market: Flowood leads the Jackson metro as its top retail/commercial hub, fueled by explosive growth (30%+ population surge 2010 to 2020), high-traffic corridors, major employers (Ergon, BCBS, Merit Health), big box retail (Walmart, Target, Academy), airport proximity, & other corporate expansion.
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